Chief Financial Officer, YMCA of Montclair

Chief Financial Officer, YMCA of MontclairThis position plays a crucial role at the YMCA of Montclair, responsible for overseeing the organization's financial operations and shaping its strategic direction. Key goals include maintaining a balanced budget, ensuring timely audits and reporting, accurate financial status reporting, and implementing cost control measures within budgetary constraints. The CFO will also focus on enhancing day-to-day operations and service delivery while establishing internal controls for accurate finance and accounting processes.ESSENTIAL FUNCTIONSManage and monitor financial operations. Prepare financial reports and analyses including forecast scenarios and proforma development.Lead strategy formulation and planning and drive execution.Provide guidance and recommendations to executives and leadership staff. Work closely with leadership on issues that affect financial outcomes.Secure and allocate program or project resources so that strategic objectives can be achieved.Ensure financial management of grants and timely submission of reports.Review, update, and/or develop internal control systems. Oversee internal audits.Manage finance department and IT services. Oversee the operations of the finance/accounting and Information systems.Build organizational capability within the finance function.Manage and certify the annual audit process. Meet periodically with the outside auditors to maintain communications and keep them informed of changes in the YMCA of Montclair.Work directly with assigned committee(s) of the Board (e.g., finance, insurance, investment, audit) to build volunteer relationships and develop policies.Anticipate trends and their implications on the future of the organization.Develop performance indicators and measurement systems for tracking strategic plan objectives.Make decisions on budgets, forecasts, and financial practices and procedures.Interpret financial statements and reports; identify potential liabilities.Make recommendations on financial strategies concerning the improvement of short- and long-term profit margins.Prepare reports for all required governmental agencies and the YMCA of Montclair.Develop the annual operating budget in partnership with organizational leadership.Ensure all department operations are consistent with the Association procedures.Provide excellent customer service and care for all including internal and external customers.QUALIFICATIONSBachelor's degree in business with concentration on finance, accounting, or equivalent.MBA preferred.Minimum eight years of experience in accounting and fiscal management; experience in non-profit organizations is preferred.Knowledge of and networks in the philanthropic and nonprofit sectors.Track record of driving process improvement and efficiencies across the organization.Leadership skills including the ability to delegate, motivate, and inspire team members.Excellent organizational and time management skills.Strong written and verbal communication skills.Ability to maintain confidentiality, honesty, and integrity.Must have a CPR/AED and First Aid Certification or get certified within 90 days of employment.Seniority level:ExecutiveEmployment type:Full-timeJob function:Finance and Sales#J-18808-Ljbffr

Created: 2025-02-17